Letter on hydrogen: Doubling down in Davos

Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration

The timing of this year’s World Economic Forum meeting in Davos, Switzerland was both good and bad for the clean hydrogen sector. It was bad in that a whole new layer of uncertainty had just descended on the industry in the form of US President Donald Trump’s executive orders to pause federal funding under the Inflation Reduction Act and the Infrastructure Investment and Jobs Act for a 90-day review period. This will further unsettle potential investors in green and blue hydrogen projects, with confirmation that the US will exit the Paris Agreement also potentially weakening the global resolve to advance the wider transition. Much has been made of the fact that many IRA-supported proje